China launches island-wide special customs operations in Hainan FTP
The move is widely seen as a landmark step in China's ongoing efforts to promote free trade and expand high-standard opening-up at a time of rising protectionism worldwide.
Hainan FTP's special customs operations offers 'unprecedented opportunity' for wind power industry: business insider
The island-wide special customs operations in #Hainan are "an unprecedented opportunity" for the offshore wind power sector, an industry player told the Global Times. Hainan's policy incentives are expected to continue to attract upstream and downstream enterprises in the industry chain to gather in Hainan.
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EU drops 2035 combustion engine ban; Move reflects waning EV competitiveness vs China,US Travel demand to the island province of Hainan in South China surged after the island-wide special customs operations officially started on Thursday.
In responses to media inquiries concerning China-EU trade and economic ties, China's Ministry of Commerce (MOFCOM) on Thursday urged the Europe Union (EU) to exercise restraint, refrain from protectionist moves and focus on settling issues through dialogue and consultation.
China provides opportunities that go well beyond traditional merchandize trade. It offers technology, industrial expertise, and partnerships at a scale unmatched anywhere else, said Minister of Commerce and Industry of Somalia Gamal Mohamed Hassan on Thursday.
With just 24 hours to go before Hainan Free Trade Port's (FTP) island-wide special customs operation takes effect on Thursday, the island province is preparing to enter a new phase of trade liberalization and border management reform. Officials and experts ...
Japanese carmaker Honda told the Global Times on Thursday that the temporary suspension of production at its China plants was affected by semiconductor supply. As a result, production at Honda's joint venture plant with GAC Group will be adjusted on ...
China has always maintained that the essence of China-EU economic and trade relations is complementary advantages and mutual benefit, and China-EU economic and trade cooperation is the result of a combination of factors, including differences in the economic development stages ...
China recently decided to implement export license management for certain steel products, mainly covering 300 customs codes including steel materials, and the primary objective is to enhance the monitoring and statistical analysis of steel product exports and track the quality ...
Responding to a media question regarding whether the ministry could provide an update on the latest progress in the negotiations between China and the EU on electric-vehicle (EV) tariff issue and a minimum-price scheme for EVs, China's Ministry of Commerce ...
China strongly opposes the European Commission (EC)'s recent intensive foreign subsidies regulation (FSR) investigations into multiple Chinese companies, and vowed to take necessary measures to safeguard the legitimate rights and interests of Chinese companies, a spokesperson for China's Ministry of ...
China's first ±800-kilovolt ultra-high-voltage (UHV) power transmission project extending into the heart of the Qinghai-Tibet Plateau officially entered operation at midnight on Thursday, China Central Television (CCTV) reported, marking a major step in optimizing cross-regional energy allocation and advancing the ...
The Hainan Free Trade Port (FTP) officially launched island-wide special customs operations on Thursday, with a package of policies — including zero tariffs and preferential tax rates — taking effect, marking another milestone in China's opening-up.
A new mineral — a nickel-bismuth-antimony-arsenic sulfide — discovered in South China's Guangxi Zhuang Autonomous Region and proposed by researchers from the Chinese Academy of Geological Sciences has been officially approved, with its Chinese name designated as Jinxiuite, China Media ...
Editor's Note: The annual Central Economic Work Conference (CEWC) was held in Beijing from December 10 to 11. Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, Chinese president and chairman of the Central Military Commission, ...
The People's Bank of China (PBC), the country's central bank, said on Wednesday that it has completed the financial preparations for Thursday's launch of island-wide independent customs operations in the Hainan Free Trade Port (FTP).
The world's largest ice-and-snow theme park, the 27th edition of the Harbin Ice-Snow World, officially opened its gates to visitors on Wednesday in Harbin, the capital of Northeast China's Heilongjiang Province, heralding the upcoming winter tourism peak in the "ice ...
Chinese graphics processing unit (GPU) developer MetaX saw its share price surge 692.95 percent to close at 829.90 yuan ($117.85) on Wednesday as it made its debut on the Shanghai Stock Exchange's STAR Market, China's Nasdaq-style Science and Technology Innovation ...
The faster growth of imports in various inland regions highlights a more balanced pattern of opening-up and demand expansion. The growing trend underscores how inland provinces that were not traditionally major foreign trade players are increasingly integrating into global supply ...
Wednesday was the first anniversary of China's 240-hour visa-free transit policy, which took effect on December 17, 2024. This landmark policy facilitates entry for foreign travelers from 55 eligible countries through 65 ports across 24 Chinese provinces.
Nanjing, East China's Jiangsu Province, has increased its support for Taiwan youth looking to start a business in the Chinese mainland in recent years, with positive outcomes achieved, the Global Times learned.
The launch of Hainan's island-wide customs operations carries particular significance against a backdrop of rising global protectionism and increasing geopolitical uncertainty. In such an environment, regional, rules-based hubs can help stabilize commerce by offering alternative routing options, diversified sourcing channels ...
The Recommendations of the Central Committee of the Communist Party of China (CPC) for Formulating the 15th Five-Year Plan for National Economic and Social Development states, "We should improve the long-term mechanisms for facilitating the participation of private enterprises in ...
China will steadfastly advance new industrialization and expand high-level opening-up, creating more opportunities for foreign-invested enterprises, including AMD.
China's tech innovation, economic flexibility and openness to cooperation provide convincing evidence that the country will continue to succeed in 2026 despite challenges, said Hans-Peter Friedrich, former vice president of German Bundestag and chairman of the German-Chinese parliamentary group, in ...
Airbus said on Wednesday that it has delivered its 800th A320 Family aircraft assembled at its Final Assembly Line (FAL) in North China's Tianjin Municipality, according to a press release sent to the Global Times.
China has consistently opposed unilateral sanctions that violate international law and are not authorized by the UN Security Council, Chinese Foreign Ministry Spokesperson Guo Jiakun said on Wednesday, when asked whether an EU decision to use frozen Russian assets to ...
China's another GPU maker, MetaX, debuted at the STAR Market of the Shanghai Stock Exchange on Wednesday. By the close of the trading on Wednesday, the company's share price surged by 692.95 percent, closing at 725.24 yuan ($102.99) per share, ...
A court in Shenzhen, Guangdong Province, South China, on Tuesday handed down first-instance verdict to six related cases involving the smuggling of antimony ingots, a dual-use item on China's export control list, sentencing the ringleader to 12 years in prison.
French President Emmanuel Macron on Tuesday penned a piece urging a rebalancing of economic relations between the European Union (EU) and China, stressing that placing tariffs and quotas on Chinese imports would be "an uncooperative answer."
Following the launch of island-wide special customs operations on Thursday, the Hainan Free Trade Port (FTP) will establish a policy and institutional framework compatible with a high-level free trade port in a phased manner, which will further accelerate its opening-up, ...
Expanding domestic demand will be the top priority of China's economic policy in 2026, according to an official from the Office of the Central Committee for Financial and Economic Affairs.
China's civil aviation industry has comprehensively surpassed 2019 levels in terms of passenger demand, indicating a solid foundation for recovery, per data released by the major listed airlines in November.
Expanding domestic demand will be China's top priority next year, with a focus on boosting consumption by addressing structural changes and taking efforts from both the supply and demand sides, said an official from the Office of the Central Committee ...
Hong Kong Exchanges and Clearing Ltd (HKEX) CEO Bonnie Y Chan highlighted in a blog post on Tuesday that 2025 was a bustling year for the exchange, with a surge of major IPOs and record-breaking trading volumes. She noted that ...
The world's largest integrated green hydrogen-ammonia-methanol project officially began operations on Tuesday in Songyuan, Northeast China's Jilin Province. A Chinese expert said that the launch marks a key breakthrough in further strengthening China's ability to manage renewable energy supply while ...
Chinese electric carmaker XPeng Motors has obtained a Level-3 (L3) autonomous driving road test license in Guangzhou, South China's Guangdong Province, and launched normalized L3 road testing, the company told the Global Times on Tuesday.
About 800 people from the Chinese mainland and Taiwan gathered on Tuesday in Nanjing, East China's Jiangsu Province, to discuss cross-Strait industrial transformation, innovation and cooperation, according to the Xinhua News Agency.
Exaggerating China's trade surplus figures is just one manifestation of how the US and some European countries view China's development through a zero-sum lens.
With two months to go before the 2026 Chinese New Year, figures about the upcoming influx of Chilean cherries signal a coming holiday consumption boom. This reflects the vast potential of the Chinese market and the growing role of a ...
Ferdinand Dudenhöffer, director of the private Center Automotive Research (CAR) in Bochum, Germany, forecasts that Asian countries (China, South Korea, and Japan) will drive growth in global automotive production and sales in 2026, German media outlet Handelsblatt reported on Monday. ...
Lisa Su, chair and chief executive of Advanced Micro Devices (AMD) led a delegation of senior executives to visit Lenovo Group's global headquarters in Beijing on Tuesday, Global Times learned from Lenovo.
In response to widespread public attention on the State Administration for Market Regulation's (SAMR) recent announcement approving, with restrictive conditions, the establishment of a new joint venture between the National Copper Corporation of Chile (Codelco) and Chilean chemical company Sociedad ...
Editor's Note: As 2025 draws to a close, the Global Times is releasing a series of in-depth reports focusing on China's economic governance. Through concrete case studies and data analysis, the series explores the broader macroeconomic trends reflected in micro-level narratives, ...
China's technology unicorn Biren Technology received approval on Monday from the China Securities Regulatory Commission for a listing at the Hong Kong stock market, the Securities Times reported on Tuesday.
China will begin imposing anti-dumping duties for five years on certain pork and pig by-products imported from the European Union (EU) from December 17, 2025, concluding an 18-month probe launched in June 2024. Trade experts said the ruling was "objective" ...
The world's largest-diameter high-speed railway shield tunneling machine independently developed by China, “Linghang,” for the Chongming-Taizhou tunnel under Yangtze River, marked the 10,000-meter tunneling milestone on Tuesday, with only 1,000 meters remaining to the southern bank of the Yangtze River. ...
While large-scale Taiwan manufacturing investments on the Chinese mainland have often captured headlines, a significant while quiet shift is underway.
Commenting on the final ruling in the anti-dumping investigation into imports of pork and pig by-products originating in the European Union, a spokesperson for China's Ministry of Commerce (MOFCOM) said on Tuesday that the investigation was launched on June 17, ...
China will begin imposing anti-dumping duties for five years on certain pork and pig by-products imported from the European Union from December 17, 2025, after concluding that the products were dumped and caused material injury to the domestic industry, the ...
Chinese Vice Premier Ding Xuexiang and Singaporean Deputy Prime Minister Gan Kim Yong co-chaired four bilateral cooperation mechanism meetings in Southwest China's Chongqing Municipality on Monday, the Xinhua News Agency reported.
Chinese engineers are building an innovative subsea tunnel here using a pioneering "cut-and-cover with cofferdam" method, drawing broad recognition for its technical advancement and efficient execution.
China's railway network handled a record-high number of passenger trips during the first 11 months of 2025, data from the country's railway operator showed Tuesday.
The provincial government of South China's Hainan Province on Tuesday released an official announcement saying that the Hainan Free Trade Port (FTP) will formally launch island-wide special customs operations from Thursday.
China's first large-scalebio-methanol project has officially entered full operation on Tuesday, which marks the country's strategic extension in the clean fuel sector including from hydrogen energy to advanced liquid fuel, according to a report bystate broadcaster China Central Television (CCTV) ...
China on Monday granted road approval for two electric sedan models equipped with Level-3 autonomous driving capabilities, in the first time it has allowed such vehicles to operate on public roads.
A report released by the Korea International Trade Association's Institute for International Trade on Monday suggested that the diversification of China's export markets represents a structural change, and it urged South Korean companies to adopt a long-term perspective by developing ...
A LandSpace representative said that if the final descent ignition of the reusable Zhuque-3 rocket during the recovery phase had gone as planned, the company would have achieved its goal.
China's ice-and-snow economy is undergoing rapid development. What was once a sector driven largely by major sporting events is evolving into a sustainable industrial ecosystem underpinned by advanced manufacturing, technological innovation, and green development. This shift opens new growth space ...
Dim sum bonds – yuan-denominated bonds issued outside the Chinese mainland, mainly in Hong Kong – have hit a new high so far this year, eclipsing the full-year 2024 record. This marks the eighth straight year of growth, public data ...
Along with the implementation of a visa-free regime for Chinese tourists traveling to Russia that has been in place since December 1, the Moscow City Tourism Committee expects visa-free entry to become an additional driver of tourist growth in 2026 ...
The Shenzhen Stock Exchange (SZSE) on Monday began its regular constituent adjustments for several major indices, including the Shenzhen Component Index, the ChiNext Index, the Shenzhen 100 and the ChiNext 50.
China's economy sustained stable momentum with steady progress in November, with new quality productive forces developing at a solid pace, an official of the National Bureau of Statistics (NBS) on Monday, as the NBS released a slew of economic data.
Companies from both sides of the Taiwan Straits said that they see vast opportunities in the digital economy as the country continues to push for high-quality growth in the next phase of development. Business executives spoke at a supply chain ...
China's economy continues to demonstrate stability, progress, and resilience, providing much-needed confidence to the world economy.
In an era marked by intensifying geoeconomic frictions and disruptions to global value chains, economic governance has become a far more complex task for major economies. Under such circumstances, governing a country of China's scale requires a highly mature and ...
The Central Economic Work Conference serves as an important institutional pillar in China's economic governance structure. It functions not only as a systematic evaluation mechanism for annual economic performance but also as a high-level framework for policy coordination across sectors ...
China has officially granted market access permits for its first batch of Level 3 (L3) conditional autonomous driving passenger vehicles, marking a major step toward the commercial application of advanced autonomous driving technologies, state broadcaster CCTV reported on Monday, citing ...
China's homegrown C909 aircraft has safely transportedmore than 30 million passengers, with a total of 175 aircraft delivered to date, accounting for 60 percent of China's regional jet market, and it is also operating in 12 countries overseas, reported thePeople's ...
China's economy sustained steady growth momentum in November, with the new quality productive forces developing at a solid pace, the National Bureau of Statistics (NBS) said on Monday.
China's value-added industrial output expanded 4.8 percent year on year in November, official data showed on Monday.
China's farthest offshore wind power project, the Three Gorges Jiangsu Dafeng Offshore Wind Power Project, achieved full-capacity generation and grid connection on Monday, marking another major breakthrough in China's development of offshore wind power into deep and far-sea areas, China ...
A report by the Workers' Daily on Sunday exposed an emerging shift in China's domestic consumption patterns: while many residents continue to flock to urban shopping centers, or seek warmer places during winter, an increasing number of the younger generations ...
Removing protectionist trade barriers on green technologies is essential for addressing the energy anxieties of the AI era. China's rapid renewable expansion shows how clean energy can power AI growth while providing a model for globally cooperative development.
Editor's Note: China's trade surplus exceeded $1 trillion in the first 11 months of 2025, eliciting mixed response globally. On the one hand, the world has witnessed the resilience of China's exports amid global headwinds, a testament to the country's competitiveness ...
As China announced the 15th Five-Year Plan (2026-30), the country enters a period of structural transition shaped by technological upgrading, demographic adjustments, global economic realignments, and the growing urgency of climate action.
Tourists play at the Qipan Mountain Ice and Snow World in Shenyang, Northeast China's Liaoning Province, on December 14, 2025. During the 2024-2025 ski season, consumer spending on winter sports and related activities exceeded 187.5 billion yuan ($26,58 billion), up ...
China's core artificial intelligence (AI) industry scale is expected to exceed the 1-trillion-yuan ($140 billion) benchmark in 2025, according to industry data, a trend that experts said highlights the vast potential of the country's AI development, driven by broader application ...
As the Central Economic Work Conference was held last week, observers are closely watching the direction and priorities of China's economy for the coming year. Looking back at the economic performance in 2025, it is clear that current development reflects ...
Haikou Meilan International Airport announced that its international and regional passenger traffic exceeded 1.4 million as of Saturday this year, surpassing the previous peak set in 2019 and the highest since the airport began commercial operations, the Global Times learned ...
A cargo ship loaded with 65,000 tons of Argentine wheat departed on Saturday from the Port of Timbues in Santa Fe Province, Argentina en route to China, marking the first commercial wheat export from Argentina to China since Argentina obtained ...
Cold wave has swept across China recently, triggering temperature dips and snow. Despite the chill, consumer enthusiasm remained strong. Over the past weekend, the Global Times learned that hot pot restaurants and beverage shops in Beijing recorded notable peaks in ...
Multiple government departments have outlined their key priorities in 2026 following the Central Economic Work Conference, which concluded on Thursday and mapped out plan for the country's economic work in the coming year.
China is accelerating its transition to a new stage of modern oil and gas industry development, marked with an increasingly diversified and balanced energy structure. It is estimated that, by 2030, China's natural gas production is expected to reach 300 ...
Shenzhen Metro on Saturday launched an experimental AI-powered robotic “guide dog” for visually impaired passengers, the first of its kind in the global rail transit industry, domestic media outlets reported.
China National Offshore Oil Corporation announced Sunday that the secondary development project of the Liuhua Oilfield, the country's first deepwater oilfield, has fully commenced operation.
China's self-developed technology in high-speed railways is marking significant progress in both technological innovation and operational capability.
As service robots become increasingly common in Chinese facilities, local authorities are now beginning to design "robot-friendly" urban spaces. Shenzhen in South China's Guangdong Province has unveiled a framework plan proposing the construction of China's first robot-friendly demonstration zone, according ...
China's economy is expected to reach around 140 trillion yuan ($19.8 trillion) this year as the 14th Five-Year Plan (2021-25) is set to approach a successful conclusion, a senior government official said Saturday at an annual economic conference.
Chinese Commerce Minister Wang Wentao met with South Korean Minister of Trade, Industry and Resources Kim Jung-kwan in Beijing on Friday and the two officials exchanged views on implementing the important consensus reached by the two countries' leaders, the Ministry ...
Chinese tech companies have drawn encouragement from the emphasis on advancing technological innovation outlined at the just-concluded Central Economic Work Conference, noting that the policy direction has strongly boosted their confidence to push forward frontline innovation.
When South Korean office worker Park Ji-hoon touched down in Haikou, South China's Hainan Province, he had one goal: to catch the final show of Katy Perry's China tour.
China will continue to implement a moderately loose monetary policy and strengthen financial support for key areas such as expanding domestic demand, technological innovation, and small and medium-sized enterprises, a senior Chinese official said on Friday, according to the Xinhua ...
The US is forming a coalition at a summit on Friday to counter China's dominant control of critical minerals and growing role as a center of artificial intelligence (AI) and other tech sectors, according to media reports. The move follows ...
"We have noted relevant reports. All parties should adhere to the principles of a market economy and fair competition and work together to maintain the stability of the global supply chain," Foreign Ministry Spokesperson Guo Jiakun stated at a regular ...
China firmly opposes illegal unilateral sanctions and long-arm jurisdiction that lack a basis in international law and are not authorized by the UN Security Council, and opposes the abuse of sanctions, Chinese Foreign Ministry spokesperson Guo Jiakun said on Friday.
China has achieved another year of bumper grain harvest in 2025, with total output hitting a record high of 714.88 million tonnes, data from the National Bureau of Statistics (NBS) showed on Friday.
Government officials, business leaders and experts gathered in Prague on Thursday for the China (Shaanxi) - Czech Republic Economic and Trade Cooperation Exchange Conference, highlighting new opportunities in logistics, advanced manufacturing, clean energy and people-to-people exchanges between China's inland area ...
A Chinese business association has urged the European Commission (EC) to enforce its Foreign Subsidies Regulation (FSR) policy with prudence and immediately cease discriminatory and disproportionate enforcement actions against Chinese enterprises.
OpenAI on Thursday released GPT-5.2, the latest upgraded version of its GPT-5 AI model, as competition in the AI sector continues to intensify.
China will implement more proactive and impactful macroeconomic policies, formulate more far-sighted, more targeted and better-coordinated policies, continuously expand domestic demand and optimize supply, and develop new quality productive forces according to local conditions, according to the Central Economic Work ...
Huawei has surged back to the top of China's smartphone market for two straight weeks, overtaking Apple, powered by its Mate 80 series officially on sale on November 28, according to media reports, citing the latest data released by market ...